Performance Guarantee for Construction Firms (BuildSecure)
Energy, Property & Construction
XL Catlin understands that the construction industry is increasingly using highly complex alternative project delivery models. Meet XL Catlin’s BuildSecure. BuildSecure offers state of the art performance guarantee security on complex projects including P3, Energy, Healthcare and Private Projects. We offer the unique ability to partner with our construction clients and offer project owners and lenders the form of performance guarantee security they need to guarantee on-time on- budget performance of the project.

Product details

Capacity

Up to USD 250 Million

Coverage

Performance guarantee security protecting against contractor default.

Client Profiles

Top-tier construction companies with strong financial support.

Typical Information Required

Most recent three years annual audited financial statements.

Benefits & Services

Consultation and best practices in the following areas:
– Contract review
– Finance Structure
– Information network
– Emerging issues
– Performance security terms and conditions

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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